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Tag Archives: JD.com
Jingdong (jd.com) latest Business & Financial news from Doug Young, the Expert on Chinese High Tech Market, (former Journalist and Chief editor at Reuters)
Just days after worrisome signs emerged that the frothy market for Chinese IPOs in New York was losing steam, clinic operator iKang Healthcare (Nasdaq: KANG) has become the latest newly listed company to send out a mixed signal about the recent bull market for Chinese shares. iKang has just made its trading debut on the Nasdaq, posting a performance that was quite respectable though far from the big fireworks we were seeing late last year from most newly listed Chinese firms.
The showing marks the latest hint that the wave of bullish sentiment towards Chinese IPOs has crested, though anyone who can manage to list in the next 30 days could still do do respectably. Prospects for new listings after mid-May could be a bit more problematic, meaning we could see some companies accelerate their plans to get to market before then. Most notably, I do expect we’ll see upcoming mega-listings for Sina’s (Nasdaq: SINA) Weibo microblogging site and e-commerce giant JD.com make their debuts within the next 2 weeks. Read Full Post…
Rising e-commerce giant JD.com has been all over the blogosphere this past week, trumpeting some major adjustments in its core e-commerce unit as it also prepares to become one of the first companies to challenge China’s 3 major telcos under a new plan to open up that sector. Of course all of this comes against the backdrop of JD.com’s own upcoming New York IPO, which could raise up to $1.5 billion.
If I was being cynical, I might say that much of this buzz is aimed at keeping JD in the headlines as it prepares to list, especially since last week saw early signs that the red-hot New York market for Chinese IPOs may be starting to cool. But in this case, I do think that much of the buzz coming from JD seems genuine and isn’t just hype, as the company tries to position itself to pose a major challenge to e-commerce leader Alibaba. Read Full Post…
The booming market for Chinese IPOs in New York got some worrisome signals last week after investors shunned 2 new listing candidates, raising the very real possibility that the current wave of enthusiasm is quickly ebbing. That could mean a new period of stagnation or even a downturn is looming for the sector, which suffered for 2 years before rebounding sharply in the second half of 2013. Read Full Post…
It’s probably too early to declare the death of an ambitious plan to liven up China’s stodgy telecoms services sector through the injection of new private sector competition. But the latest reports that these new competitors, called virtual network operators (VNOs), are facing difficulties due to high prices being charged by their suppliers is just the latest sign that the plan from the Ministry of Industry and Information Technology (MIIT) is running into trouble. I’ve been predicting such trouble all along, and these latest reports are raising serious concerns that the new VNOs will never get a serious chance to succeed. Read Full Post…
Educational services provider Tarena (Nasdaq: TEDU) has become the first Chinese company to list in New York this year, posting a disappointing debut hinting that US investor enthusiasm towards China stocks may be starting to cool. But truth be told, Tarena hardly looks like the vast majority of Chinese companies rushing to list in New York, most of which are in the Internet space. By comparison, Tarena is a relatively niche provider of education services for software engineers that is growing quickly enough but is still quite small. Read Full Post…
It should come as no surprise to anyone that top officials at smartphone sensation Xiaomi are once again busy buzzing on their microblogs, since online hype has become a staple of this fast-growing company. But I was somewhat surprised that co-founder Lei Jun took time out from his usual hype to shoot down rumors of tie-ups with 2 of China’s leading Internet companies, hinting at his own big ambitions to soon take a spot alongside the “Big 3” of Alibaba, Tencent (HKEx: 700) and Baidu (Nasdaq: BIDU). Meantime, ZTE’s (HKEx: 763; Shenzhen: 000063) plans to position its nubia brand of smartphones as a higher end product got a nice boost from China’s first lady Peng Liyuan, who made a point of being seen using one of the models during her husband’s trip to Europe.Read Full Post…
Internet leader Tencent (HKEx: 700) has just announced a major purchase involving a Korean game maker, in what would normally be leading news on the Chinese Internet. But instead, the company is making bigger headlines on talk that it’s nearing a deal to buy 20 percent of leading online video firm Youku Tudou (NYSE: YOKU) for a smaller amount. The 2 deals collectively would be worth about $1 billion, which these days doesn’t seem like big news anymore for China’s rapidly consolidating Internet. Read Full Post…
The number 1,000 took on new significance in the blogosphere this past week, with tech titans Lenovo (HKEx: 992), Huawei and Xiaomi in a sudden new rush to chop prices for some of their newest products to under 1,000 yuan. The number translates to roughly $160, and is certainly not a bad price for the relatively high quality smartphones and tablet PCs that are suddenly being sold by the trio at that price and even less.
Meantime, tech executives were also paying tribute on their microblogs to Pat McGovern, the billionaire founder of the IDG media empire that was one of earliest venture capital investors to realize the potential of China’s Internet. McGovern, who died last Wednesday, leaves behind an empire that helped to fund some of China’s most recognizable Internet names, including sector leaders Tencent (HKEx: 700), Baidu (Nasdaq: BIDU), Ctrip (Nasdaq: CTRP) and SouFun (NYSE: SFUN), and many others. Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 21. To view a full article or story, click on the link next to the headline.
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Where were you this past Saturday night? Most of us probably spent the evening having dinner out, or perhaps visiting friends. But for many of China’s tech executives, the date of March 15 has become for nervousness due to CCTV’s annual investigative reports broadcast that evening for Consumer Rights Day. The program often targets high-profile brands in its effort to uncover abusive business practices, and many of those names come from the tech sector. But this year’s program was a relative disappointment, with some observers cynically noting on their microblogs that CCTV seemed more interested in generating advertising revenue than protecting consumers. Read Full Post…
I wasn’t historically a big fan of JD.com, China’s second largest e-commerce firm, largely because it often seemed more interested in hype than actually doing good business. But the company’s recent tie-up with Internet giant Tencent (HKEx: 700), and now the latest word of a new partnership with more than 10,000 convenience stores, have me thinking that perhaps JD has finally matured a bit in the run-up to a planned New York IPO to raise up to $1.5 billion. This latest convenience store tie-up looks quite shrewd for a number of reasons, most notably because it takes aim at one of the biggest weaknesses of its chief rival, leading e-commerce firm Alibaba. Read Full Post…
